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Economics

$US5b irregularities at China fund, banks

BY AFP | FRIDAY, 20 JUN 2014 11:40AM

Irregularities amounting to more than $US5 billion ($A5.41 billion) have been found at China's sovereign wealth fund and two large state-owned banks, according to the state auditor, offering a glimpse into the opaque management of government-controlled firms.

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